Equifax CEO to retire after massive data breach

Equifax chairman and chief executive Richard Smith has stepped down from his leadership role at the credit rating agency following the data breach that affected 143 million US consumers and 400,000 in the UK earlier this month. Equifax has released a statement in which it said that Smith will vacate the company after working there for more than ten years and that its Asia-Pacific president, Paulino de Rego Barros will now serve as its new chief executive. Trading of the company's shares was put on hold during pre-market trading leading up to the announcement, but Equifax board member Mark Feidler did his best… [Continue Reading]